INSW Stock Recent News

NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”), one of the largest tanker companies worldwide providing energy transportation services for crude oil and petroleum products, announced today that it will participate in Capital Link's Corporate Presentation Webinar Series on Wednesday, January 17, 2024 at 10:00 a.m. Eastern Time (“ET”). The Company will discuss its current operations, business development and views on the tanker market. You can regist.

The Houthi attacks on cargo ships in the Red Sea have caused widespread disruptions and economic ramifications for the transportation sector, with cargo and dry bulk shipping and oil/energy sector comprised of the oil and gas industry impacting global trade supply chains. The Red Sea plays a crucial role in the transportation of oil and gas and is a vital artery for global trade.

International Seaways has reported its quarterly results, which were impacted by inflationary pressures, but the company has significant growth potential due to positive industry dynamics and its expanding fleet. After comparing the forward P/E ratio of 5.23x with the sector median of 9.96x, we can say that the company is undervalued. Despite challenges in the shipping industry, INSW is well-positioned to capture the growing demand in the market and is undervalued, with a potential upside of 90%.

International Seaways (INSW) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.

NEW YORK--(BUSINESS WIRE)--International Seaways, Inc. (NYSE: INSW) (the “Company” or “INSW”) announced today that it plans to release third quarter 2023 results before market open on Tuesday, November 7, 2023. The Company will host a conference call for investors at 9:00 a.m. Eastern Time (“ET”) on the same day. Conference Call Details: Date: Tuesday, November 7, 2023 Time 9:00 AM ET Dial-in Numbers US: +1 (833) 470-1428   International: +1 (929) 526-1599 Conference ID 300167 A live webcast of.

International Seaways (INSW) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

International Seaways stock has increased by 46% in the last year and has a strong financial position. Q2 2023 saw a significant increase in revenues, driven by higher day rates for crude tankers. The company is trading at a discount compared to its peers and has a target price of $58.1/share, representing a 35% upside.

International Seaways (INSW) came out with quarterly earnings of $3.12 per share, beating the Zacks Consensus Estimate of $2.70 per share. This compares to earnings of $1.43 per share a year ago.

International Seaways is a medium-sized tanker company with a diverse fleet of 76 tankers. The company has strong earnings, with a P/E ratio of around 3, and a solid balance sheet. INSW is a cheap investment option for exposure to the tanker market, offering regular + special dividends, stock repurchases and debt paydowns.